9 Homework Help Seven Check my w PA9-1 Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9. 2, LO 9-3] At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating Because the machines were different, each was recorded separately in the accounts Cost of the asset Machine A $10,500 Machine 539,00 Machine C 2,70 Senovation costs prior to wse pairs after production began 3,288 By the end of the first year, each machine had been operating 8.000 hours Required: 1. Compute the cost of each machine 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following Residual value Depreciation Method PE 1 of 5 Next > DALS